Inflation rose in line with expectations in January, according to an important gauge the Federal Reserve uses as it deliberates cutting interest rates.The personal consumption expenditures price index excluding food and energy costs increased 0.4% for the month and 2.8% from a year ago, as expected according to the Dow...
Year: 2024
This IRS issue is ‘the biggest, most consistent problem’ for taxpayers, expert says
Getty ImagesIf you're expecting a tax refund this season, you can avoid delays by filing a complete and accurate return. But first, you'll need to gather your tax forms.You get tax forms such as W-2s and 1099s from employers and financial institutions each year. Those entities also send the IRS...
Macy’s will close about 150 department stores, but open new locations of better performing chains
People shop at the Macy's Herald Square store in New York City, Jan. 19, 2024.Michael M. Santiago | Getty Images News | Getty ImagesAs Macy's chases sales growth, the department store operator said Tuesday that it will close about 150 of its namesake stores and open more shops with better...
Warren Buffett says Berkshire may only do slightly better than the average company due to its sheer size
Warren Buffett, chairman and CEO of Berkshire HathawayLacy O'Toole | CNBCBerkshire Hathaway's Warren Buffett said his sprawling conglomerate may only slightly outperform the average American company due to its sheer size and the lack of buying opportunities that could make an impact.The Omaha-based giant — owner of everything from BNSF...
Baylor University outperformed the Ivy League in university endowment performance rankings. Here’s how
Watch out, Ivies, there's a new endowment performer in town.Baylor University's $2 billion endowment — a fraction of those in the Ivy League — generated a 6.4% return for the fiscal year that ended June 30, outperforming the entire conference. Harvard's endowment, the largest at $50.7 billion, returned 2.9%.What's more,...